New Delhi, Sep 4
The Department for Promotion of Industry and Internal Trade (DPIIT) has signed a Memorandum of Understanding (MoU) with US-based pharma giant Pfizer to strengthen India’s healthcare and accelerate the lab-to-market journey of healthcare innovations, the Ministry of Commerce and Industry said on Thursday.
The collaboration will extend both financial and non-financial support to startups.
Under the partnership, the Pfizer INDovation programme will empower DPIIT-recognised startups with grants of up to Rs 60 lakhs each, along with a tailored 18-month incubation programme delivered by Social Alpha.
“The programme will provide dedicated acceleration tracks covering clinical validation, regulatory approvals, and go-to-market strategies.